Market Insight | CHENQI TECH rose over 14% in early trading again, with a cumulative increase of nearly 50% in two days. The company has strong potential for commercial Robotaxi deployment
CHENQI TECH rose more than 14% in early trading, with a cumulative increase of nearly 50% in two days. According to Saic Smart, the unmanned taxi Robotaxi is expected to be open to the public in August. CHENQI TECH has shown strong commercial potential for Robotaxi landing. The funds raised by CHENQI TECH through IPO are mainly used for research and development of autonomous driving and Robotaxi operation services, upgrading travel service products and improving operational efficiency, expanding user base and increasing market penetration, as well as enhancing brand awareness
According to the Wisdom Finance APP, CHENQI TECH (09680) surged over 14% in the morning session, with a cumulative increase of nearly 50% over the past two days. As of the time of publication, it rose by 9.11% to HKD 23.35, with a turnover of HKD 2.7456 million.
On the news front, as revealed by Saic Smart, the driverless taxi Robotaxi, which obtained the demonstration application license for driverless intelligent connected vehicles in Shanghai at the World Artificial Intelligence Conference, is expected to be open to the public in August. Minsheng Securities believes that the commercialization of Robotaxi is kicking off, marking a milestone in intelligent driving. Overseas, Tesla is leading the industrialization process, while domestically, policies, supply, and demand are experiencing a triple turning point upwards. Robotaxi provides L4-L5 level autonomous driving services, combining autonomous driving with shared mobility, which can achieve high safety, clear cost reduction paths, and is expected to open up long-term market space.
It is reported that CHENQI TECH launched the world's first open Robotaxi operation technology platform as early as April 2022, demonstrating strong commercial potential for Robotaxi. The funds raised through the IPO planned by CHENQI TECH will mainly be used for research and development of autonomous driving and Robotaxi operation services, upgrading travel service products and improving operational efficiency, expanding user base and increasing market penetration, as well as enhancing brand awareness. Among them, Robotaxi will be an important direction for the future development of CHENQI TECH